FDIC Certificate #: 15294 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cornerstone Bank (#5496) Federal Reserve ID: 863951 Date Established: August 01, 1935 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 15722 FDIC's unique #: 9636 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: October 28, 1935 Last Structure Change Effective Date: January 11, 2008 Last Structure Change Process Date: Febuary 28, 2008 Last Data Update: Febuary 28, 2008 Data Source Date: April 05, 2012
Location
Address: Main Street, St. Edward, NE 68660 County: Boone Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Island Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $39.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
5Total employees (full-time equivalent)
$39,076Total assets
$2,252Cash and due from depository institutions
$1,526Interest-bearing balances
$3,779Securities
$9,550Federal funds sold & reverse repurchase agreements
$22,144Net loans & leases
$325Loan loss allowance
$0Trading account assets
$11Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,340All other assets
$39,076Total liabilities and capital
$28,935Total liabilities
$22,225Total deposits
$17,566Interest-bearing deposits
$22,225Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,556Other borrowed funds
$0Subordinated debt
$154All other liabilities
$10,141Total equity capital
$10,141Total bank equity capital
$10,141Perpetual preferred stock
$0Common stock
$225Surplus
$1,775Undivided profits
Memoranda
$8,141Noncurrent loans and leases
$7,505Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$396Average Assets, year-to-date
$36,999Average Assets, quarterly
$2,088Volatile liabilities
$39,168Insider loans
$39,274FHLB advances
$4,976Loans and leases held for sale
$23Unused loan commitments
$6,556Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,505Total unused commitments
$0Restructured Loans and leases
$325Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$2,488Total interest income
$1,035Total interest expense
$1,453Net interest income
-$1,850Provision for loan and lease losses
$474Total noninterest income
$0Fiduciary activities
$23Service charges on deposit accounts
$0Trading account gains & fees
$451Additional noninterest income
$473Total noninterest expense
$311Salaries and employee benefits
$12Premises and equipment expense
$150Additional noninterest expense
$3,304Pre-tax net operating income
$406Securities gains (losses)
$11Applicable income taxes
$3,699Income before extraordinary items
$0Extraordinary gains - net
$3,699Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1,618Sale, conversion, retirement of capital stock, net
$776Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.73%Yield on earning assets
2.80%Cost of funding earning assets
3.93%Net interest margin
1.28%Noninterest income to earning assets
1.28%Noninterest expense to earning assets
8.41%Net operating income to assets
9.44%Return on assets (ROA)
9.47%Pretax return on assets
40.47%Return on equity (ROE)
31.98%Retained earnings to average equity (YTD only)
-7.36%Net charge-offs to loans
114.34%Credit loss provision to net charge-offs
0.00%Efficiency ratio
24,546Assets per employee
7.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.98%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
99.64%Net loans and leases to core deposits
119.38%Equity capital to assets
25.95%Core capital (leverage) ratio
25.85%Tier 1 risk-based capital ratio
37.40%Total risk-based capital ratio
Memoranda
$39Average assets
$39,168Average earning assets
$9,141Average equity
$36,963Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of St. Edward.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: